Passenger traffic demand growth easing - IATA

The growth in global passenger traffic demand continued in August, but IATA warned that the upward trend in seasonally-adjusted traffic is easing. Global demand in August was 7.2% higher than the same month last year, with all regions returning strong increases. Asia Pacific topped the regional growth list with a 9.0% increase in RPK traffic, Latin America added 7.5% and Europe grew by 7.0%. North America returned a 6.0% increase in demand. “Following the strong summer traffic season in the Northern hemisphere, 2017 is on course to be another year of strong traffic growth,” IATA DG Alexandre de Juniac said. “However, some important demand drivers are easing, particularly lower fares. As we head towards the end of the year we still expect growth to continue, but potentially at a slower pace.” <br/>